New Delhi, Mar 6, 2020, Friday
RBI Governor Shashikant Das defended the restrictions placed on Yes Bank in the financial crisis, saying that the bank's problem would be resolved very soon.
He said that a 30-day deadline has been set for the rock. It is not necessary to look at a single bank with a decision to put a stop to Yes Bank. The decision was taken in view of the security and stability of the banking sector in the country.
Shashikant Das said that soon RBI will announce a plan to re-seat the bank. Which will be market oriented. Bankon will give management enough time for this. The bank made the effort but when we felt we could no longer see it, we decided to intervene.
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